March 05, 2015 1:54 AM ET

Real Estate Management and Development

Company Overview of Akademiska Hus AB

Company Overview

Akademiska Hus AB, a state-owned property company, builds, develops, manages, and leases properties for universities and colleges in Sweden. It focuses on education and research buildings. The company’s customers include research institutes and research-intensive companies, as well as state-owned authorities, municipal authorities, institutions and foundations, service operations, and other organizations that have a link to its campuses. As of September 30, 2014, it had approximately 3.2 million square meters of rentable space. The company was founded in 1992 and is headquartered in Gothenburg, Sweden.

Stampgatan 14

Box 483

Gothenburg,  401 27

Sweden

Founded in 1992

408 Employees

Phone:

46 31 63 24 00

Fax:

46 31 63 24 01

Key Executives for Akademiska Hus AB

Chief Executive Officer and President
Age: 58
Acting Director of Accounting & Finance
Chief Information Officer and Head of Corporate Communications
Age: 45
General Counsel and Secretary to the Executive Management
Age: 46
Director of Human Resources
Age: 45
Compensation as of Fiscal Year 2014.

Akademiska Hus AB Key Developments

Akademiska Hus AB to Report Fiscal Year 2014 Results on Feb 11, 2015

Akademiska Hus AB announced that they will report fiscal year 2014 results on Feb 11, 2015

Akademiska Hus AB Reports Consolidated and Parent Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Akademiska Hus AB reported consolidated and parent earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, on consolidated basis, the company reported rental revenue of SEK 1,364 million against SEK 1,319 million a year ago. Total property management revenue was SEK 1,403 million compared to SEK 1,370 million last year. Net operating income was SEK 990 million against SEK 957 million a year ago. Profit before tax was SEK 2,596 million against SEK 860 million a year ago. Profit for the period attributable to the parent company's shareholders was SEK 2,070 million against SEK 684 million a year ago. Profit per share was SEK 970 against SEK 320 a year ago. The change in rental revenue is mainly the result of commissionings, reduced by the impact of divested properties. Property management costs have remained on the same level and totalled SEK 413 million against SEK 413 million a year ago. For the nine months, on consolidated basis, the company reported rental revenue of SEK 4,109 million against SEK 4,005 million a year ago. Total property management revenue was SEK 4,241 million compared to SEK 4,164 million last year. Net operating income was SEK 2,859 million against SEK 2,721 million a year ago. Profit before tax was SEK 5,138 million against SEK 2,891 million a year ago. Profit for the period attributable to the parent company's shareholder was SEK 4,065 million against SEK 2,257 million a year ago. Cash flow from current operations was SEK 1,701 million against SEK 2,408 million a year ago. Investment in properties was SEK 2,301 million compared to SEK 2,070 million last year. Investment in other non-current assets was SEK 2 million compared to SEK 2 million last year. The increase in rental revenue can be attributed mainly to commissionings, reduced by the effects of property divestment. The increase in net operating income can be attributed to higher rental revenue and lower operating costs. The rise in profit before tax can be attributed mainly to unrealized changes in property values. Profit per share was SEK 1,904 against SEK 1,057 a year ago. For the quarter, on parent basis, the company reported rental revenue of SEK 1,364 million against SEK 1,346 million a year ago. Total revenue from property management was SEK 1,486 million compared to SEK 1,553 million last year. Net operating income was SEK 1,068 million against net operating loss of SEK 801 million a year ago. Profit before tax was SEK 502 million against loss before tax of SEK 327 million a year ago. Profit for the period was SEK 375 million against loss of SEK 246 million a year ago. Profit per share following dilution was SEK 181 against SEK 132 a year ago. For the nine months, on parent basis, the company reported rental revenue of SEK 4,109 million against SEK 4,032 million a year ago. Total revenue from property management was SEK 4,635 million compared to SEK 4,415 million last year. Net operating income was SEK 3,222 million against net operating loss of SEK 2,659 million a year ago. Profit before tax was SEK 1,416 million against SEK 1,330 million a year ago. Profit for the period was SEK 1,161 million against SEK 1,019 million a year ago. Profit per share following dilution was SEK 560 against SEK 487 a year ago.

Akademiska Hus AB to Report First Half, 2014 Results on Jul 15, 2014

Akademiska Hus AB announced that they will report first half, 2014 results on Jul 15, 2014

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Date
Target
Merger/Acquisition
February 18, 2015
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Merger/Acquisition
June 11, 2014
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